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[quote=Anonymous]"She didn’t leave everything to me because my wife didn’t know she had anything to leave. She was still working (long term substitute) and didn’t know her school automatically took out life insurance. We thought she had passed with nothing. Months later after she died we were notified that she had life insurance."

This should make it clear to everyone that OP is very unsophisticated when it comes to money. He thinks that his wife had nothing to leave to her heirs other than the life insurance policy from work. He doesn't understand that his wife owned half of everything they built during their 50+ years of marriage and could have gifted that to her children upon her death. She owned half of his pension. Half of the house. Half of any accounts, savings, and investments they shared. He also said something odd about leaving his Social Security to the potential second wife. While it's true that she'd get to draw on his SS as a widower, she'd have to wait till she's 67 to get 100% of it. If she draws sooner than that, she'll forego a substantial percentage of it. However, she will get that SS check whether he "gives" it to her or not. Every spouse gets to draw on their deceased former spouse's account when s/he dies whether the dead person likes it or not. I know someone with two ex-wives. He is estranged from both of them and neither of the ex wives worked while they were married. After their divorces, both ex wives lived off alimony and the assets they got in the settlements, so they never paid in enough to SS to have much to draw on from their own account. One is about 7 years older than him and she's already collecting on his SS even though he isn't yet 67 nor is he retired. Eventually, both of the former wives will be drawing on his account at the same time. Then he'll also draw on it once he retires. Social Security will be paying 3 individuals in 3 different households based on the work that he did throughout his lifetime. It's a ridiculous system that is based off a world that no longer exists in which women don't work and have to depend on their husband's for every penny, even after they divorce. IMHO adults should only collect on their own work history and on what they themselves paid into the system. Those SAH wives have their husband's assets to keep them from poverty. They shouldn't also suck our tax dollars out of the system on top of that. People here always argue that having one spouse SAH is a choice that couples get to make, and I agree with that. But they shouldn't be shielded from the financial consequences of those choices by us taxpayers, especially since the only people who can afford to have one spouse not earn $$$ are those who with high assets or a spouse with a high salary. Those are the last households we need to be subsidizing. [/quote]

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